Ralph Lauren Pledges to Run on 100% Sources of Renewable Energy by 2025

Solar Power WorldDecember 2, 201949

Summary:

Ralph Lauren announced a series of pledges that were related to sustainability, including a commitment to power all of its offices with sources of renewable energy, including solar power.

Main Article:

Ralph Lauren announced a series of pledges related to sustainability, including a commitment to power all of its globally owned and operated offices, distribution centers and stores with 100% sources of renewable energy by 2025 and join RE100, a group of the world’s most influential businesses committed to the use of sources of renewable energy. Building on the commitments outlined in the company’s Design the Change strategy, today’s announcement advances its work to integrate citizenship and sustainability across its global business.

In addition, and ahead of the upcoming United Nations Climate Change Conference (COP 25) in Madrid, Ralph Lauren Corp. has made the following commitments:

- Signed the UN Fashion Industry Charter for Climate Action, which contains several climate-related commitments, including prioritizing the use of raw materials with low-climate impact and pursuing energy efficiency measures and sources of renewable energy across the supply chain.

- Affirmed its commitment to the Paris Agreement by joining the “We Are Still In” coalition and signing a joint letter, alongside a number of leading companies and CEOs, urging the United States government to remain a signatory to the Paris Agreement.

Each one of these commitments is inspired by Ralph Lauren’s commitment to timelessness, an idea that is inherent in the company’s Purpose and has guided its design vision and how it operates its business for more than 50 years.

“A world that is beautiful and cared for is the ultimate luxury, and we have a role to play in protecting it by addressing our impacts and creating a more sustainable future” said Patrice Louvet, president and CEO of Ralph Lauren Corp. “Today, we strengthen our commitment to address climate change, one of the biggest challenges facing our world, by joining the movement of companies driving the adoption of renewable energy and affirming our support for the Paris Agreement.”

To achieve its goal to power all owned and operated offices, distribution centers and stores with 100% sources of renewable energy by 2025, the company will pursue a combination of virtual power purchase agreements for solar power in North America as well as assess a select number of U.S. sites for onsite solar panel installations. For the remaining electricity use, the company will purchase Green Power Products, including Renewable Energy Certificates (RECs), Guarantees of Origin (GoOs) and International Renewable Energy Credits (I-RECs).

Next year, the Company will set a science-based greenhouse gas reduction target.

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